---
title: "LG India quarterly profit drops as appliances, air unit slows"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/275623940.md"
description: "LG Electronics India reported a nearly 62% drop in third-quarter profit, attributed to weaker performance in its home appliances and air solutions business due to soft demand. The standalone profit for the quarter ended December 31 was 896.7 million rupees, down from 2.33 billion rupees a year earlier. Revenue from the home appliances and air solutions division fell 10%, leading to an overall revenue decline of 6%. The company faced challenges from subdued demand for air conditioners and impacts from India's new labor laws."
datetime: "2026-02-11T14:00:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275623940.md)
  - [en](https://longbridge.com/en/news/275623940.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275623940.md)
---

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# LG India quarterly profit drops as appliances, air unit slows

Feb 11 (Reuters) - LG Electronics India reported a near 62% drop in third-quarter profit on Wednesday, hit by ‌weaker performance in its home appliances and air solutions ‌business amid soft demand for cooling appliances in Asia's third-largest economy.

The Indian ​unit of South Korea's LG Electronics posted a standalone profit of 896.7 million rupees ($9.89 million) for the quarter ended December 31, down from 2.33 billion rupees a year earlier. India remains one of ‌LG Electronics' key ⁠overseas markets, contributing 4.3% to its 2024 global revenue and an outsized share of profits, supported ⁠by strong margins, broad segment reach and an extensive distribution network, J.P. Morgan analysts said.Demand for room air conditioners remained subdued ​for most ​of the quarter as cooler-than-usual ​weather dampened sales, while elevated ‌inventory levels at dealers curtailed fresh orders, analysts said.Revenue from the company's home appliances and air solutions division fell 10% to 27.88 billion rupees, pushing overall revenue down 6% to 41.14 billion rupees.AC makers Voltas and Blue Star posted a ‌drop in third-quarter profit, hurt by ​weakness in their cooling products segment ​and charges related to ​India's new labour laws.

LG reported a 124.50 million ‌rupee impact on its results from ​the labour ​code changes.The company's revenue from the home entertainment segment rose nearly 2%. Shares of the company closed 1.5% lower ​on the day ‌and are down 11% since listing in October.

($1 = 90.6910 ​Indian rupees)

(Reporting by Nishit Navin and Urvi Dugar in ​Bengaluru; Editing by Tasim Zahid)

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